May 18: Cost reduction initiatives and improved margins on aerosol cans drove profits up at North American general line packaging manufacturer BWAY Holding Co in the second fiscal quarter ended on 29 March.
Metal packaging profits (excluding depreciation and amortization) were up 12 percent year-on-year to US$22.3m. BWAY attributed the growth also to “benefits of deflation on certain input costs, and the consumption of lower cost steel inventory during the second quarter.”
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